Redknee Solutions Enters Latin America With New Multi-Million Dollar MVNO Deployment07:00 EDT Tuesday, October 11, 2011TORONTO--(Marketwire - October 11, 2011) - Redknee Solutions, Inc. (TSX: RKN), a leading provider of business-critical billing and charging software and solutions, has signed a term license agreement valued at more than $5 million over the initial four-year term to support the launch of a new Latin American mobile virtual network operator (MVNO).Under the service agreement, Redknee will deploy and manage its end-to-end billing solution, allowing the MVNO to benefit from Redknee's real-time converged billing expertise as it concentrates on launching branding and marketing campaigns.This new customer win reflects Redknee's growing presence in the mobile virtual network enabler (MVNE) and MVNO sector, and marks its first expansion into the Latin American market which is experiencing tremendous industry growth in subscribers. According to Informa Telecom & Media, the number of Latin American MVNO subscribers will increase at a CAGR of 28% from 2010 to 2013, reaching 6.6 million subscribers."This win demonstrates our ability to enable new market entrants to successfully launch with the support of innovative solutions and services that span the end-to-end spectrum of user needs," commented Lucas Skoczkowski, CEO of Redknee Solutions. "It encourages us to continue to invest in developing cloud-based and in-network real-time monetization solutions that support the growth of wireless, multi-play and alternate service providers in Latin America and around the world."This Latin American MVNO is able to launch quickly by leveraging Redknee's end-to-end, turnkey billing solution that addresses activation, provisioning, customer care, unified rating, messaging, real-time charging, billing and invoicing, all with minimal configuration required. Redknee's cloud-based solution also offers a business model that allows MVNEs flexibility while growing their business, and minimizing investment risk with low initial setup costs.Redknee's billing platform offers an integrated promotions engine along with powerful business intelligence and analytics that enable MVNEs to help MVNOs gain deeper insight into subscriber usage. It can create unique offerings to differentiate and capture a larger market share. Redknee's open and flexible solution also enables the seamless integration into loyalty programs and third party partnerships. Redknee's MVNE billing solution supports the growth strategies of multiple MVNOs across the globe, including the Sprint MVNO, iwireless, KPN and Orange.About Redknee</b>Redknee is a leading global provider of innovative communication software products, solutions and services. Redknee's award-winning solutions enable operators to monetize the value of each subscriber transaction while personalizing the subscriber experience to meet mainstream, niche and individual market segment requirements. Redknee's revenue generating solutions provide advanced converged billing, rating, charging and policy for voice, messaging and new generation data services to over 90 network operators in over 50 countries. Established in 1999, Redknee Solutions Inc. (TSX: RKN) is the parent of the wholly-owned operating subsidiary Redknee Inc. and its various subsidiaries. References to Redknee refer to the combined operations of those entities. For more information about Redknee and its solutions, please go to www.redknee.com.Important Cautions Regarding Forward-Looking Statements</b>Certain statements in this document may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this document, such statements use such words as "may," "will," "expect," "continue," "believe," "plan," "intend," "would," "could," "should," "anticipate" and other similar terminology. These statements reflect current assumptions and expectations regarding future events and operating performance and speak only as of the date of this document. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements, including, but not limited to, the factors discussed under the "Risk Factors" section of the company's the most recently filed AIF which is available on SEDAR at www.sedar.com and on the company's web-site at www.redknee.com.Although the forward-looking statements contained in this document are based upon what we believe are reasonable assumptions, we cannot assure investors that our actual results will be consistent with these forward-looking statements. We assume no obligation to update or revise these forward-looking statements to reflect new events or circumstances, except as required by securities law.FOR FURTHER INFORMATION PLEASE CONTACT: For additional information please contact:ORAshleigh Young, Corporate CommunicationsRedknee Solutions:+1 905 625 2733OR+1 905 625 2943David Charron, Chief Financial OfficerORMatt Glover or Michael KoehlerInvestor Relations:Liolios Group, Inc.+1 949 574 3860

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